Harmonic Inc Stock Price, News & Analysis

Harmonic (NASDAQ: HLIT) will showcase its latest fiber broadband innovations at Fiber Connect 2024 in Nashville, Tennessee. The company's cOS™ virtualized broadband platform and network edge devices aim to simplify and reduce costs for multigigabit fiber deployments and upgrades.

Key highlights include:

• Streamlining fiber deployments with easy-to-install R-OLT and shelf modules
• Optimizing equipment capital and interoperability through an open approach to ONU/ONT selection
• Enabling future-readiness with a single solution for various PON technologies
• Simplifying QoE end-to-end through multivendor fiber interoperability

Harmonic's cOS platform currently powers next-gen broadband services to over 28 million homes worldwide.

Harmonic (NASDAQ: HLIT) has announced the release date for its second quarter 2024 financial results. The company will disclose its results after the market close on Monday, July 29, 2024, followed by a live webcast at 2:00 p.m. PT to discuss the outcomes. Interested parties can participate via telephone by registering in advance through a provided link. The webcast will be accessible through Harmonic's Investor Relations website. For those unable to attend the live event, a replay will be available on the same website after 5:00 p.m. PT. Harmonic recommends participants to join at least 15 minutes before the call starts.

Harmonic (NASDAQ: HLIT) has been selected by Germany-based 44p for enhancing its UHD playout, media processing, and distribution capabilities using Harmonic's XOS Advanced Media Processor. This cloud-native software solution offers a comprehensive feature set including advanced playout, AI-powered video compression, and SRT distribution, optimizing 44p's workflow for live sports and entertainment broadcasts. Facilitated by German broadcast system integrator netorium, the deployment aims to future-proof 44p's media processing chain. Harmonic's solution is expected to improve efficiency and video quality while reducing costs for 44p.

Harmonic has launched the Pearl Remote Optical Line Termination (R-OLT) module to simplify fiber broadband service delivery. The innovative product enables operators to accelerate high-speed broadband deployment in various network topologies while reducing costs. With multiple fiber technologies, including GPON, ComboPON, and XGS-PON, the Pearl R-OLT offers industry-leading performance.

Harmonic (NASDAQ: HLIT) will host a Virtual Analyst Day for its Broadband and Video segments, featuring updates on strategic vision, growth drivers, and financial model. The event on June 13, 2024, aims to provide insight into Harmonic's future direction.

Harmonic announced its latest broadband access innovations for fiber and DOCSIS networks at ANGA COM in Germany. The company aims to empower operators with increased speeds, enhanced network reliability, and new revenue opportunities, showcasing solutions for multigigabit internet speeds and improved subscriber retention. Harmonic's cOS platform and new devices promise to boost speeds, simplify network evolutions, and ensure future readiness.

Harmonic announced that Walter Jankovic, CFO, will participate in the 19th Annual Needham Technology, Media & Consumer Conference and the Jefferies Software Conference. The CFO will engage in a fireside chat in New York on May 14, 2024, and host meetings throughout the day. Additionally, he will host investor meetings in Newport Coast, CA, on May 30, 3024. A live webcast will be available on Harmonic's website.

Harmonic announced the integration of the Beacon intelligent speed maximizer (ISM) application on the cOS virtualized broadband platform, enhancing spectrum efficiency and maximizing broadband speeds for subscribers. The Beacon ISM improves quality of experience, reduces operating expenses, and increases network reliability, offering scalability and security benefits compared to traditional profile management applications. This breakthrough technology aims to empower operators to deliver faster and more reliable services to subscribers while simplifying deployment and addressing network impairments in real-time.

Harmonic Inc. announced its Q1 2024 results, meeting guidance. Revenue at $122.1M with Broadband leading. Record backlog & deferred revenue. Video EBITDA guidance raised. Financials showed a dip from previous year in revenue, net income, and gross margin. Operating loss but increased backlog and customer base. Focus on restructuring Video segment for growth.